Precious Metals
Gold production in Mexico and major projects
According to GlobalData, Mexico is the world’s seventh-largest producer of gold, with output of 4,457koz in 2022, up by 4%…
The post Gold production…
According to GlobalData, Mexico is the world’s seventh-largest producer of gold, with output of 4,457koz in 2022, up by 4% on 2021. Over the five years to 2021, production from Mexico decreased by a CAGR of 1.11% and is expected to drop by a CAGR of 2.11% between 2022 and 2026. GlobalData uses proprietary data and analytics to provide a complete picture of this market in its Global Gold Mining to 2026 report. Buy the report here.
Mexico accounts for 4% of global production, with the other largest producers being China (11%), Australia (10%), Russia (8%) and Canada (7%).
Leading producers of gold in Mexico are Industrias Penoles, Agnico-Eagle Mines, Argonaut Gold, First Majestic Silver, Coeur Mining and Minera Frisco. Industrias Penoles’s output was 811.99koz in 2021, down by 1% on 2020. Agnico-Eagle Mines produced 325.64koz, an increase of 20%, and output from Argonaut Gold was 204.35koz, an increase of 37% on the previous year.
For more detailed analysis of global gold mining, buy the report here.
The post Gold production in Mexico and major projects appeared first on Mining Technology.
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